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I would [personally] say the IWC is not in the same category as Patek, Chopard, Girard Perregaux, Brequet and some of the other elite brands. Their movement are exclusively handcrafted in-house movements. I think Derek needs to create a new category between luxury and high end luxury on the brands chart.. Most of the IWCs, like the Omegas are based on ETA or shelf movements and modified and detailed. The Spitfire is based on the ETA 7750. I do think the esthetic detail of the IWC's is better than Omega (notice the chronograph pusher-protectors). I would personally go with the Omega based on the price differential but, you are correct - the IWC is more exclusive.
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